How To Pay For Emergency Medical Expenses Over The Holidays
December 22, 2021 | June Mckaig
If you have ever dealt with emergency medical expenses, you know how expensive they can be. Even the most basic procedure can come with a hefty price tag. When you are going through those medical expenses, there are actually ways to help you handle them. Here are four ways to help you handle your emergency medical expenses when you cannot do it alone including a title loan.
4 Options To Pay For Emergency Medical Expenses
1. Try Negotiating To Lower Your Total Bill
Surprisingly, negotiation is the best way to lower your total medical expenses. You can save between 10% and 30% quite easily if you're willing to negotiate with your medical care provider. Of course, not everybody is blessed with top-class negotiation skills. So, here are some ways to make your experience more successful:
- Be respectful — You don't want to feel intimidated; however, you should still speak respectfully as you discuss your offer. If you're given a lower reduction than you expected, there's no harm in making a counteroffer. Some medical providers shave up to 50% off your total bill if you can pay them immediately in cash.
- Review your hospital bill — Examine your hospital bill carefully prior to negotiating anything with anybody. You might find duplications or mistakes with a close examination of your bill. Removing the problems can amount to hefty savings.
- Understand your medical insurance — If you have insurance, you should review your policy carefully as it might not cover all medical expenses. When a treatment you need falls into your cover's gray area, tell your insurer why the treatment was necessary. And make sure you have all the necessary paperwork to prove it. That way, they may cover the costs for you.
2. Tap Into Nonprofit Financial Assistance
There are a lot of nonprofit financial assistance programs that help you cover medical expenses. However, you need to meet the sometimes stringent qualification requirements to access the funding. Several nonprofit financial assistance schemes you can try depending on your situation are as follows:
- Medicare — The federal program covers people aged 65 years old or over. If you have an end-stage renal disease or a disability, you could qualify for the program at a younger age. Medicare has three coverage options. Part A covers Inpatient stays, hospice care, some home health care, and care in a specialty nursing facility. Part B covers doctor's services, preventative services, outpatient care, and medical supplies. Part D covers prescription drugs, vaccines, and shots.
- Health Insurance Marketplace — If you live in the US, are a legal citizen, and aren't incarcerated, you can access insurance through the Affordable Care Act. The Health Insurance Marketplace is an easy-to-use portal that lets you look at all your insurance and healthcare options for you to review and choose from.
- Medicaid — The government program helps low-income individuals with their expenses. It's the biggest insurance provider in the United States of America. Eligibility depends on age, income, household size, and disability.
- Extra Help — This is an extension of Medicare. It provides help with drug costs that aren't covered under traditional Medicare policies.
3. Ask For A Payment Plan
With particularly large medical expenses, you can ask to pay it off in regular, monthly installments rather than all at once. The size of the installments depends on the size of your bill and your capability to pay it. We recommend asking for a payment plan as soon as you receive the huge bill. That way, you can work to repay the debt quickly, without risking late charges.
4. Take Out Title Loans
If one of these three options does not work for you, many people can take out title loans to pay medical expenses they can't afford. Title loans from Mississippi Title Loans, Inc. have you use your vehicle’s lien-free title as collateral for a lump sum of cash.
They're an option if you own a vehicle like a truck, car, or van – that is fully paid off and in your name – and have a less-than-average credit score – since we welcome people with both good and poor credit to come in. We also do not require you to show proof of income for this fast cash auto title loan.
With title loans from us at Mississippi Title Loans, Inc., you can borrow between $300 and $2,500, depending on the value and condition of your vehicle. We determine your vehicle’s value and condition through a quick vehicle inspection – which we can either do at one of our Mississippi quick title loan locations near me or you can have us come meet you somewhere else.
To get started on our simple and convenient process, all you have to do is fill out the online form found on our website. We will then give you a call and set up a meeting either at our store or have us come meet you. We will inspect your vehicle and assess your information.
If we determine you qualify for approval, we will have you finish some paperwork. You can get the money either the same day or the next bank business day at the latest. And the best part is you do not have to give up your vehicle while you repay the loan!
Handle Your Emergency Expenses With Ease This Year
There is no end to the help you can receive for your expensive medical expenses. Whatever course of action you choose to tackle medical expenses, you're bound to find success. Usually, a combination of all four options creates the best, most affordable outcome. And if you decide on title loans from us, just fill out our online form to get started!